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Your Retirement “Nest Egg” and the Impact of Home Ownership
At one time, having $1 million dollars in your retirement “nest egg” was consider almost a necessity to achieve a comfortable life in your golden years. No question that would be a good goal, but as time has marched on,…
A Ray of Hope for SS Reform???
Just recently, the so-called “Bipartisan Social Security Commission Act of 2026 (H.R. 9187)” was introduced on the House Floor by Republican Congressman Tom Cole (OK-04) and Democratic Congressman Tom Suozzi (D-Long Island/Queens). Coincidentally, House Speaker Mike Johnson yesterday called on his…
Choosing Medicare Coverage? Look beyond the monthly premium
With about 10,000 people each day turning age 65, most are faced with a very consequential decision about their healthcare coverage. The choices are: to enroll in either “traditional Medicare” (with a supplement plan to cover medical costs Medicare doesn’t);…
How does your net worth compare to others?
Net worth, retirement savings and debt look very different once retirement begins. Turns out, though, that American’s in the age 65 to 74 age bracket are doing quite well compared to those in other age groups. for example, those in…
Who Are the “Social Security” Police?
Ever wonder if there is a police force which watches the Social Security Administration, and who looks out for the 72 million Americans who rely on this important benefit for retirees, spouses, minor children, and disabled workers and adults? Well,…
Elder Abuse Awareness
Yesterday, June 15th, was “Elder Abuse Awareness Day” at the Federal Government, and the Social Security Administration (SSA) highlighted some important information about elder abuse. SSA is, after all, responsible for helping about 70 million people live outside of poverty!…
The Retiree’s “Fear of Running Out of Money”
When we’ve been conditioned for almost our entire life to save, save, save, for our future retirement, it is hard for most to simply flip the switch to “spend, spend, spend” the nest egg we’ve so diligently accumulated over the…
Four Options for Social Security Reform
There are, of course, a plethora of options for reforming Social Security floating around Washington, D.C. these days, as the urgency of a solution was highlighted once again in the recent release of the SS Trustees’ annual report to Congress.…
Trustee’s Report confirms: SS Benefit Cuts are on the horizon (unless Congress acts soon)!
The Trustees of Social Security do an annual assessment of the Social Security program’s financial health, and the 2026 report (which reflects status as of the end of 2025) was finally released recently on June 9th. Disturbingly, the program’s financial…
What you should know about potential Social Security shortfall
According to the 2026 Social Security Trustees report released earlier this week, the fund is now expected to begin depleting by the fourth quarter of 2032. At that point, the fund would be able to pay 78 percent of scheduled…